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Cuban energy sector offers business opportunities

Cuban energy sector offers business opportunitiesHAVANA, Nov 28 (ACN) Energy security is essential for Cuba, said Roberto Suarez Sotolongo, deputy director of the Cuba-Petroleum Association (CUPET), during the 3rd edition of Cuba Energy Oil and Gas 2019, held at Havana´s Melia Cohiba hotel.

The goal of this event is to show Cuban opportunities and priorities for partners and suppliers, as well as for domestic and foreign investors.
The projections for achieving this objective include work on changing the energy matrix by 2030, to reduce dependence on imported fossil fuels in a sustainable manner.
The forum, held at an unstable energy market, with many uncertainties in investments and development programs of countries and companies, has among its aims to conclude the first round of CUPET bids, for this year, as well as increasing the level of recovery of existing deposits, through the introduction of improved recovery technologies.
Despite the limitations of the environment and the presence of the US economic, commercial and financial blockade against Cuba, many companies and entities in the oil and energy sector remain interested in the Caribbean island.
On this occasion, the event will feature presentations by 50 leaders and experts in the field, which draw attention of more than 350 public and private sector peers from more than 20 countries.

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